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Assessing DSGE Model Nonlinearities

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NBER2013-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19693
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We develop a new class of nonlinear time-series models to identify nonlinearities in the data and to evaluate nonlinear DSGE models. U.S. output growth and the federal funds rate display nonlinear conditional mean dynamics, while inflation and nominal wage growth feature conditional
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2013-12-01
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